Consolidated Balance Sheet - USD ($) $ in Thousands		Sep. 30, 2023	Dec. 31, 2022
Assets
Cash and cash equivalents	[1]	$ 174,664	$ 217,053
Restricted cash	[1]	1,604	4,816
Securities, at fair value(1)(2)	[1],[2]	1,502,049	1,459,465
Loans, at fair value	[1],[2]	11,920,872	11,626,008
Loan commitments, at fair value		3,752	3,060
Servicing Asset at Fair Value, Amount		29,653	8,108
Investment in unconsolidated entities, at fair value	[1]	113,474	127,046
Real estate owned	[1],[2]	23,570	28,403
Financial derivatives—assets, at fair value		198,023	132,518
Reverse repurchase agreements		175,197	226,444
Due from brokers		38,870	36,761
Investment related receivables	[1]	167,447	139,413
Other assets	[1]	95,866	76,791
Total Assets		14,445,041	14,085,886
Liabilities
Securities sold short, at fair value		163,832	209,203
Repurchase agreements	[1]	2,573,043	2,609,685
Financial derivatives—liabilities, at fair value		38,520	54,198
Due to brokers		80,180	34,507
Investment related payables		36,641	49,323
Other secured borrowings	[1]	301,131	276,058
Other secured borrowings, at fair value	[1]	1,404,567	1,539,881
HMBS-related obligations, at fair value		8,181,922	7,787,155
Senior notes, at fair value		189,735	191,835
Base management fee payable to affiliate		4,890	4,641
Incentive Fee Payable		0	0
Dividends payable		14,343	12,243
Interest payable	[1]	20,078	22,452
Accrued expenses and other liabilities	[1]	98,742	73,819
Total Liabilities		13,107,624	12,865,000
Commitments and contingencies
ANALYSIS OF EQUITY:
Preferred stock, par value $0.001 per share, 100,000,000 shares authorized;6.750% Series A Fixed-to-Floating Rate Cumulative Redeemable; 4,600,000 shares issued and outstanding ($115,000 liquidation preference)		323,920	227,432
Common stock, par value $0.001 per share, 200,000,000 and 100,000,000 shares authorized, respectively; 67,161,740 and 63,812,215 shares issued and outstanding, respectively		68	64
Additional paid-in-capital		1,323,124	1,259,352
Retained earnings (accumulated deficit)		(333,622)	(290,881)
Total Stockholders' Equity		1,313,490	1,195,967
Non-controlling interests	[1]	23,927	24,919
Total Equity		1,337,417	1,220,886
Total Liabilities and Equity		$ 14,445,041	$ 14,085,886

[1] Ellington Financial Inc.'s Condensed Consolidated Balance Sheets include assets and liabilities of variable interest entities it has consolidated. See Note 11 for additional details on Ellington Financial Inc.'s consolidated variable interest entities.

[2] Includes assets pledged as collateral to counterparties. See Note 13 for additional details on the Company's borrowings and related collateral.